Macrosoft develops, produces, and markets a wide range of computer software, including the Windows operating system. On its recent financial statements, Macrosoft reported the following information about net sales revenue and accounts receivable (amounts in millions). Accounts receivable, net of allowances of $412 and $376 Net sales revenue Current Year Prior Year $ 29,724 $ 26,781 65,869 64,197 According to its Form 10-K, Macrosoft recorded bad debt expense of $120 and there were no bad debt recoveries during the current year. Required: 1. Using the following T-account for Allowance for Doubtful Accounts, what amount of bad debts was written off during the current year? 2. Using the following T-account for Accounts Receivable (Gross), solve for cash collected from customers for the current year, assuming that all of Macrosoft's sales during the period were on open account. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Using the following T-account for Allowance for Doubtful Accounts, what amount of bad debts was written off during the current year? (Enter your answers in millions not in dollars.) Allowance for Doubtful Accounts Dahi Condit